What You Need To Know About The Guitar Center Bankruptcy.

A lot of the guitar channels I watch have been discussing the goings on at Guitar Center a company which has been struggling financially for quite a while. The news right now out of Guitar Center is that they are filing for chapter 11 bankruptcy protection, so in today’s video we will look at what is going on there, how they are restructuring, we will discuss what it means for suppliers, customers, employees and the commercial landlords renting store space to Guitar center.

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Video Timestamps
0:00 Introduction
0:55 Guitar Center History
1:43 Leveraged Buyout – Bain Capital
2:21 Ares Capital Take Control
3:08 Todays Situation
3:33 The Restructuring Plan
4:16 How Chapter 11 Works
6:12 What Happens To Existing Debt?
8:21 How Does The New Debt Work?
9:49 How Might Guitar Center Emerge From Bankruptcy?
10:01 Commercial Leases And Bankruptcy
10:32 Possible Store Closures
11:28 How Does This Affect Customers
12:14 Will There Be Deals On Music Gear?
12:47 Conclusion